Cardiff Oncology shares plunge after Q2 earnings miss
Investing.com -- British stocks closed lower on Monday afternoon after an early rally driven by a U.S.-EU deal reached over the weekend, while broader European markets held gains.
The blue-chip index FTSE 100 fell 0.5% and the British pound dropped 0.3% against the dollar to below the 1.34 mark.
DAX index in Germany declined 1.1% and the CAC 40 in France dropped 0.4%.
U.S.-EU trade deal
U.S. President Donald Trump reached a framework trade agreement with the European Union over the weekend that will impose a 15% import tariff on most EU goods while securing a commitment for $600 billion in European investment in the United States.
The deal was finalized after discussions between Trump and European Commission President Ursula von der Leyen in Scotland.
While the EU had initially hoped for a zero-tariff arrangement, the 15% rate represents a significant reduction from the 30% tariff that had been threatened.
Cranswick reports strong Q1 growth
Cranswick PLC (LON:CWK) reported strong first-quarter performance with like-for-like revenue increasing 7.9%, driven by robust demand for its premium meat products and new contract wins.
The U.K. food producer’s total reported revenue rose 9.7% in the quarter, exceeding its 7% guidance for fiscal 2026.
This growth was supported by contributions from recent acquisitions, including sausage maker Blakemans, which the company purchased earlier this year.
Computacenter shares rise as firm lifts FY profit forecast
Meanwhile, Computacenter (LON:CCC) shares climbed after the IT company raised its full-year profit forecast, citing stronger-than-expected growth in North America and the U.K.
The company now expects its adjusted EBIT for 2025 to exceed last year’s figures, despite ongoing challenges in its German and French operations.
STV Group shares plunge after profit warning
In contrast, STV Group plc (LON:STVG) shares plunged over 25% after the media company warned that its full-year 2025 revenue and profit would fall "materially below consensus" due to deteriorating advertising and commissioning markets.
STV now projects full-year revenue between £165 million and £180 million with an adjusted operating margin of approximately 7%.
Tasty surges as Ex-PizzaExpress CEO eyes board role
Elsewhere, Tasty Plc (LON:TAST) stock surged over 31% following confirmation that the casual dining restaurant operator is in advanced discussions with former PizzaExpress CEO David Page regarding a potential board appointment.
The company issued this statement in response to recent share price movements and media speculation.